Child Plans

Let your child fly and fulfill his/her dreams, even in your absence.

Child plans are a combination of insurance and investment plans to help you secure your child’s future. Just as your child feels safe in your arms, a child insurance plan casts a safety net around your child’s future so they can fulfill their dreams without worrying about finances. A child insurance plan ensures your child’s secure future by taking care of financial needs even in your absence.


Reason To have a Good Child Insurance Plan

Almost every child plan in India offers various rider benefits, which are generally not included in base plans. Before you buy a child savings plan, understand what supplementary benefits the plan offers.

  • Regular Income Availability

    The plan might be able to offer regular income throughout the policy term or post the insured parent’s death without the liability of paying further premiums.

  • Premium Waiver Availability

    Since the parent insured buys the plan for securing the financial future of the child, there should not be a burden on the surviving parent to pay premiums for policy continuation.

  • Option of Increasing Existing Cover

    Availability of a rider like the Term rider, allows the parent to get additional Sum Assured equal to the policy Sum Assured with a nominal amount of extra premium.

  • Use as a collateral

    If you plan to avail an education loan for your child in the future, then you can use the child insurance plan as collateral

  • Partial withdrawal

    If the child is hospitalized due to a medical condition or accident, these plans allow you to withdraw a lump sum amount from the yet-to-mature policy. This pay-out will act as an add-on to your health insurance plan.

  • Tax benefit

    As per the existing tax laws premiums paid towards child plans are exempted under section 80C of the Income Tax Act. Maturity benefits are also exempt from tax as per section 10(10D) of the Act.

Secure Your Child's Future with Child Insurance Plans


Provides financial security during the most crucial years of your child's life


Offers a perfect blend of investment and savings in a single plan


Safeguards a child's future, even after the demise of the parent


Favors disciplined, long-term savings, which usually becomes a challenge


Additional riders like a waiver of premium ensure that your child has a good education, even in your absence.


Child insurance plans can be used as collateral for education loans as well.


You get tax deductions on your salary if you invest in a child plan. The amount you get at maturity is tax-free.


You can give your child a children's plan on his first birthday. It is a gift he will always remember and cherish.


You can provide your children with good quality education without even bothering about their cost.

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Secure Your Child Careerwith Child Plans